Amazon Reaches $3 Trillion Market Cap on Strong Q2 Earnings
On Monday, Amazon (AMZN) became the first company to reach a $3 trillion market capitalization in over two years. The milestone was driven by better-than-expected second-quarter earnings, particularly from its cloud computing division, which saw strong demand fueled by artificial intelligence growth. Amazon Web Services reported revenue of $42.2 billion for Q2 2026, surpassing analyst expectations of $40.54 billion. Total company revenue reached $200.61 billion—above the projected $196.47 billion—and adjusted earnings per share came in at $1.97 versus a consensus estimate of $1.82. The stock rose roughly 4% to 5%, hitting record highs and marking its best single-session gain since May 5, 2026. Amazon has gained over 23% year-to-date.
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Topics: AI Demand Amazon AWS Market Cap Milestone